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Maybe you would like them more if I called them
"poor man's linear undecimated Haar transform wavelets implemented via lifting available on any trading platform"
The purpose is the same as any other indicator, to analyze the price series and determine information about its recent movement that can assist in making informed trading decisions.
There many reasons why wavelets are superior to other techniques for …
some from that thread...
“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
When you are on your travells do you every have connection problems with the wireless connections you use from the hotels
I have paid for a weekd internet at the resort i am staying at, i can connect to my live account and data feed but i cannot seem to get data through. Its driving me MAD :-@
Have you had these issues before
regards
P.S i will call you some time in the moring tomorrow, let me know when is best for you
regards
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
"Data" as in a trading feed, or "data" as in emails and other things? When I travel, email can be a real pain. Some ISPs work with mine, others don't. There are a few fixes.
But trade data I have never had a problem with. Slow from bottlenecking, always. Particularly wireless. There is also a chance servers are just down over the holiday weekend? Are your trades US based?
I am cool anytime this weekend. Working on getting out of the Jersey trip, but still may leave here Tuesday morning.
Its most bizzare to be honest, im all good with internet, emails ect
im connected to my account and data feed, i just cant seem to any live data through. Its really pi**ing me off to be honest. The stupid resort im staying at have charged me nearly $100 for a week internet (are you friging kidding) like the accomodation charge isit enough
check it out...weird!
I have historical data, im connected. I can see my account value....but i cannot get any live data through
I am not trading or looking to trade, i had a few ideas i wanted to test and some back testing to run
FRUSTRATING
Ill Skype you some time tomorrow anyways, just had a beautiful meal on the sea front
I love USA <3
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
To rule out the obvious first with this kind of thing--as the market is closed, you should be getting no depth, or "live data" ... what do you expect to be seeing here?
At least a 1 print on the Time and sales when you 1st connect to the live data to show live connection
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
I am at a phase where I am very interested in connecting with other traders to see what they do. I do not mean I am looking for someone else's method. It has something to do with validation as a group? Not sure, but you may have read enough of my jumbled inner thoughts to get where I am. My biggest setback in trading is my own confidence, something that I am seeing make a comeback though.
I'm pretty sure you stopped trading crude oil and went to 6E and ES, but I was on my Control Panel, preparing to add some contact info for myself, and saw the name of a thread you started
First, for those following me for the last year or more, you know I've changed my style a few times. At first I felt bad about this, I felt perhaps I was doing something wrong before and that anyone that followed me was possibly now doing something …
(where I got the quote above) in some "recent posts" list. I also saw it was from 2009, so who knows why it showed up there.
Despite your suggestion that I stay away from a computer for a few days...
I agree with the 16-24 tick stop minimum, and even set an "emergency" wider than that at times, it all depends on price action. On targets, similar, if I am truly only looking to "scalp", 7-15 ticks is about it. Next range of targets 20-30, then up into the 40-60 area.
So, on the premise that we agreed at some point in time of the mannerisms and probabilities of crude...
At the wide extremes of the RR you mentioned above (and I understand that trading is an evolution) the low end target was 8 and the high end stop was 24. While that mix was probably fluid and cannot be truly defined as a 3:1 RR, I am interested in hearing your thoughts, and the thoughts of others who might read this, on whether scalping for initial targets lower than initial stop loss is something you do, how often you do it, or what place it holds in your trading, today or in the past.
I started trading crude and holding for my 2x or more targets a few years ago, and it did produce a profitable trail over time, but the execution has to be nearly flawless. Tiring mentally. I have found that sometimes I just "go with the flow" for a brief moment, for RR less than 1:1. Mine is more like 12-15 vs 6-10 on scalping. Price action determines it, no hard rules.
I find that when I trade like that, which is not every day or every trade, only on certain days, or mixed in with longer trades to soften a loss, or capture a moment, or build a risk base for later, kind of a "feel something" trade approach, I can hit win % that makes it work. Not with my eyes closed, or anything I am capable of programming to be traded automatically... but when I am focused, that initial risk vs reward seems acceptable to me. I know I will be right more than wrong. Could not say why I know...
Of all the training I have had, all the books I have read, all the advice I have seen in this website, reward is supposed to be larger than risk, transaction costs are supposed to not make sense, and so forth. So, whether it works or not, in my subconscious it feels like I have committed some great trading "sin" when I do it, and I often tell myself to stop it, wait for something better.
That is something that is at conflict in my head lately.
Forgetting hard math for a minute, if scalping is mixed with longer targets, and is not seen as just another trade, but as a way of keeping my finger on the pulse, and if at the end of the day, week, and month I am ahead... is it wrong?
I would argue that for someone starting new, yes, it is absolutely wrong. The odds are so far against you at first that you will die a death of a thousand tiny cuts. The question may be, with experience, and once you understand the when and where, can it become right?